[ExI] [mta] Re: Bitcion Moore's Law?

[Brent Allsop]

Hi James,

There's a good graph on this page that convinces me the production of 
Gold is exponential in a complex Moore's law like way:

http://www.numbersleuth.org/worlds-gold/

But this graph only goes pack to 1900, so the commodity noise some seem 
to be so focused on, is very visible in this graph, compared to the much 
longer exponential production that I think would be obvious, and make 
all this other noise irrelevant, if you pushed this back another 10,000 
years.

Perhaps someone like Gordon, who values these kinds of temporary 
commodity noise, and thinks that kind of noise is all that is relevant, 
will not be convince by just this graph?  What do you think Gordon, does 
this graph convince you that the production of gold is growing at an 
accelerating law of returns (i.e. complexly exponential, like Moore's 
law?) rate?  Is there anyone for which this graph fails to convince them 
the production of Gold follows a Moore's law like complex exponential 
growth rate?

Brent Allsop


On 7/15/2013 3:07 PM, James Carroll wrote:
> On Mon, Jul 15, 2013 at 2:14 PM, Brent Allsop 
> <brent.allsop at canonizer.com <mailto:brent.allsop at canonizer.com>> wrote:
>
>     You completely missed what I was trying to say.  There are are two
>     accelerating law of returns effecting the valuation of Gold.  Like
>     Bitcoins, it is the growing economy which has the most profound
>     effect.  But, unlike Bitcions, the supply is growing,
>     exponentially, in an equally profound accelerating law of returns
>     way.  These to complex laws of accelerating returns, basically
>     cancel each other out in the long term.
>
>
>
> I see no evidence that the supply of gold is growing in an exponential 
> manner, but would happily have my mind changed if anyone has evidence 
> for this. Does anyone have a global gold supply graph hanging around 
> somewhere?
>
> James
>
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